In their motions to dismiss the case, the plan fiduciaries unsuccessfully argued that the plaintiffs invested in only some of the funds cited, and that they lacked standing to press claims based on the funds in which they did not invest.
The agency is still considering whether to make permanent relief from the requirement for certain elections to be witnessed in person by a plan representative or notary public.
Transamerica is the latest retirement plan services provider to add emergency savings accounts to its stable of solutions, highlighting the increasingly apparent need to balance short-term and long-term financial priorities.
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